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1700 Del Valle Ave

Glendale, CA 91208
  • $2,700,000
  • STATUS: Active Under Contract
  • ON SITE: 88 Days
  • MLS #: 24-462817
Under Contract
UPDATED: 207 min ago
$2,700,000
  • 12
    BEDS
  • 0.29
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 8,252
    SQFT
  • $327
    $/SQFT
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

We are pleased to present the opportunity to acquire 1700 Del Valle Ave, an 8-unit multifamily property located in the desirable Verdugo Woodlands neighborhood of Glendale. Built in 1948, 1700 Del Valle is situated on a generous 12,676 square feet of land and zoned R1650. The property boasts 8,252 square feet of living space consisting of five 1 bed/1 bath, two 2 bed/1 bath, & one 3 bed/2 bath units. With the two 2-bedroom units currently vacant, an investor can immediately add value through renovations and achieve market rents while also benefiting from an additional 16% upside across the remaining units. With on-site laundry and an implemented utility bill-back program, the property is perfectly situated to maximize income for a potential investor. There are eight parking spaces that include three private garage spaces and a five-vehicle carport, providing the potential for an investor to add ADUs. With its impeccable location just south of the vibrant Montrose Village Square & minutes away from Glendale Community College, the property continues to attract a strong renter pool due to its quiet residential feel and convenient location. Its proximity to the 2, 134, and 210 freeways provides residents with convenient access to surrounding neighborhoods of Burbank, Pasadena, Eagle Rock and Downtown Los Angeles.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-08T23:43:14.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/157794796
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1700 Del Valle Ave Glendale, CA 91208

  • Price: $2,700,000
  • Status: Active Under Contract
  • On Site: 88 Days
  • Updated: 207 min ago
  • MLS #: 24-462817
12
Beds
9
Baths
0
½ Baths
0.29
Acres
8,252
SQFT
$327
$/SQFT
1948
Built
Neighborhood:
Rossmoyne &Amp; Verdugo Woodlands
County:
Los Angeles
Area:
Rossmoyne &Amp; Verdugo Woodlands
Property Description
We are pleased to present the opportunity to acquire 1700 Del Valle Ave, an 8-unit multifamily property located in the desirable Verdugo Woodlands neighborhood of Glendale. Built in 1948, 1700 Del Valle is situated on a generous 12,676 square feet of land and zoned R1650. The property boasts 8,252 square feet of living space consisting of five 1 bed/1 bath, two 2 bed/1 bath, & one 3 bed/2 bath units. With the two 2-bedroom units currently vacant, an investor can immediately add value through renovations and achieve market rents while also benefiting from an additional 16% upside across the remaining units. With on-site laundry and an implemented utility bill-back program, the property is perfectly situated to maximize income for a potential investor. There are eight parking spaces that include three private garage spaces and a five-vehicle carport, providing the potential for an investor to add ADUs. With its impeccable location just south of the vibrant Montrose Village Square & minutes away from Glendale Community College, the property continues to attract a strong renter pool due to its quiet residential feel and convenient location. Its proximity to the 2, 134, and 210 freeways provides residents with convenient access to surrounding neighborhoods of Burbank, Pasadena, Eagle Rock and Downtown Los Angeles.
Exterior Features

Carport Spaces Total 5 Levels Multi/Split Lot Size Area 12676 Other Structures None Parking Garage Carport DetachedGarage Is Detached Total Parking 8

Interior Features

Cooling Wall/Window Equipment Garbage Disposal Heating Wall

Property Features

Assessed Total Value 1433845 Disclosures None Gross Income 210933 Gross Operating Income 204854 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 131980.00 Number Of Buildings 2 Number Of Units 8 Rent Control YN No Sale Type Standard Security Features Carbon Monoxide Detector(s)Smoke Detector Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 72875 Type Of Units Residential Water PublicWater District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R1650

Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap: 818-212-2700.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-08T23:43:14.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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